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Rieter Wins A Large Order Of Combers And Draw-Frames in China, Enters Into Strategic Partnership With The Mill

• By  Textile Excellence
• March 07, 2024

Leading textile machinery supplier Rieter has signed an agreement with Shanghai Digital Intelligence World Industrial Technology Group Co., Ltd. (DIW) for supply of critical spinning equipment. The first batch of order to Rieter amounts to around CHF 62 million (approx. US$ 70 million). Rieter has also signed a strategic partnership with DIW to develop intelligent yarn manufacturing technology that utilizes digitization and automation to minimize conversion costs and maximize value for customers.

As per the contract Rieter would supply Combers and Draw Frames to DIW’s spinning mills that is expected to transform DIW’s yarn mills into state-of-the-art manufacturing operations. DIW is a rapidly growing company specializing in intelligent manufacturing and industrial operation services. It selected Rieter’s equipment following competition with other suppliers, in which the Rieter’s machines proved to be more stable and productive than competitors.

The strategic partnership between DIW and Rieter is designed to further enhance the overall operational efficiency of DIW’s mills by providing highly efficient machines, automation and digitization technology. This would minimize conversion cost from fibre to yarn as well as support sustainable growth of both companies.

Commenting on the development, Yiming Liu, Chairman, DIW, said: “We have selected Rieter based on its excellent technology and abundant experience. Rieter machines provide stronger stability and higher production efficiency. The strategic cooperation between the two parties is not only a full affirmation of the previous cooperation, but also one with complementary advantages and mutual benefits, which will provide greater possibilities for DIW to reduce costs and increase efficiency. It is believed that the two sides will take this cooperation as an opportunity to further explore cooperation in a wider range of fields, open up new areas for the transformation of the traditional textile industry, and contribute to accelerating the construction of a modernized industrial system.”

On the occasion Michael Hubensteiner, Country Managing Director, Rieter China delightfully said “We are proud that our technology came out on top in this competition, achieving greater stability and higher production than competitors. We are grateful for the trust that DIW has placed in Rieter and are confident that this partnership will be a game changing and unrivalled success while further strengthening Rieter’s position in the attractive Chinese market.”  

We are proud that our technology came out on top in this competition, achieving greater stability and higher production than competitors. We are grateful for the trust that DIW has placed in Rieter and are confident that this partnership will be a game changing and unrivalled success while further strengthening Rieter’s position in the attractive Chinese market.”